Monthly Remittance. Alternatively, each month, Student may elect to remit one-twelfth of the Investment Return calculated based on the most recent Estimated Personal Income. The monthly Remittance option is only available if the Student elects to enroll in automatic debits by ACH to an account at a Financial Institution. The monthly Remittance is paid in arrears, i.e., the January monthly Remittance is due by February 1 of a given Fiscal Year.
Appears in 2 contracts
Sources: Income Sharing Agreement, Education Equity Investment Agreement